All Forum Posts by: Mark Vivanco

@Russell Holmes thanks for that post.  Seeing #s really helps a lot when analyzing responses.

While ideal to get all the invested amount back after the BRRRR, I'm OK with leaving some in for the right deal. My goal is to get as much as I can with what I have to invest. I'm running all kinds of numbers on homes that are turnkey but have yet to really find something that is BRRRR ready. Not being local to the area, I have to kind of have faith someone is looking out for my best interest and realize we can all make money working together, instead of getting me for 1 investment this year, we can get 3-4 if the right deals are found.

I am new to real estate investing.  I'm trying to do my homework as much as possible.  I'd be a remote investor.  I'm looking to buy in the "Orlandoish" area since I will retire down there in 10-15 years.

I took a step forward by reaching out to one of the bigger, more popular, property management companies that serves the Orlando area.  I was advised that Brrrr isn't right now for Orlando and surrounding areas.  He said I will be almost impossible to find a property. He is advising me to go in the direction of a single family new construction which seemed a bit odd to me.  He is going to send me the prospectus tomorrow.  Said there should be about a $300 positive cash flow.  He said the new construction, is around 150-170k. While that might be OK, it would tie up all my cash and thus I'd have to save up to get into another investment. 

Anyone doing Brrrr right now, or recently, in Orlando or surrounding areas?